# Shell plc has signed a $22-billion deal to acquire ARC Resources Ltd. ARC Resources is focused on the Montney, a shale formation that stretches through parts of northeastern British Columbia and northwestern Alberta.

*business · news · 2026-04-27 · Bnn Bloomberg*

## Key points

- Shell is acquiring ARC Resources Ltd. for $22 billion, including assumed debt, in a landmark deal.
- ARC shareholders will receive 0.40247 Shell shares and $8.20 cash per ARC share, valuing ARC at $32.80.
- The deal positions Shell as a major operator in Canada's Montney region and LNG export market.
- Industry analysts expect the acquisition signals further M&A activity and a likely expansion at LNG Canada.

**Companies:** Shell plc, ARC Resources Ltd., Enbridge Inc., Ovintiv Inc., NuVista Energy Ltd., Cygnet Energy Ltd., Kiwetinohk Energy Corp.
**Countries:** Canada, United Kingdom

[Read the full story on Bnn Bloomberg](https://www.bnnbloomberg.ca/business/company-news/2026/04/27/shell-to-buy-arc-resources-in-deal-valued-at-22b-including-debt/)

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